Global Market Trends and Geopolitical Influence
Steel prices witnessed slight volatility this week as global markets react to heightening tensions. Uncertainty surrounding the potential for an Iran-USA war has created a cautious atmosphere among investors and traders, impacting raw material costs. While scrap metal prices dipped slightly to 375 dollars per ton, iron ore prices saw a minor increase, reaching 107 dollars per ton.
Domestic Market Performance in Egypt
In Egypt, the local construction market has experienced a rise in costs. Investment steel prices reached 36,948 Egyptian pounds per ton, reflecting an increase of 810 pounds. Prices for steel delivered to factory gates now range between 37,500 and 40,400 Egyptian pounds, depending on the manufacturer and supply chain variables. Major players like Ezz Steel are currently quoting prices around 40,000 pounds per ton.
Regulatory Changes and Market Context
The Ministry of Investment and Trade has recently implemented new protective measures on specific steel imports. Effective April 2026, these regulations are intended to shield the national economy from unfair international trade practices. These measures, set to last for three years, coincide with local price adjustments that exclude transport costs and dealer margins, which remain subject to local supply and demand fluctuations.
As regional stability remains a primary concern for commodity traders, stakeholders continue to monitor the geopolitical climate. For ongoing developments regarding the situation in the Middle East, read: Iran Us War Live updates
